Funded

Total loan: $425
Powered by 15 lenders

Oyuntuya


A loan of $425 helped to purchase bee-honey related products for her business.


Oyuntuya's story

Oyuntuya S. is 34-year-old and lives with her husband and two children in the Baganuur district of Ulaanbaatar, the capital city of Mongolia. Her two children are both small and stay home. Her husband works at Zamiin Uud, a border town with Ereen, China - the busiest and largest border with China.

As her husband works full time in Zamiin Uud, he is rarely at home. That's why Oyuntuya decided to pursue a small business by herself, instead of solely depending on husband's salary. In 2005, she rented a small space and run a tea shop. However, due to high rent, she decided to exit the tea shop business. Since 2009, she acquired a license to become an official distributor for the Russian company that sells health products extracted from bee’s honey. Since she is the only one with the license in the town, she hopes to do well with the business. Since her start-up a few months ago, the sale of health products has been doing considerably well. She says that she is working hard to introduce the honey products to locals and needs a personal computer to make marketing materials and purchase products online.

She requests a loan to purchase a computer with internet, with which she can do her own marketing in a less costly fashion and order her products online.

About XacBank:

Founded in 1998, XacBank is a community development bank and micro-finance institution in Mongolia, and is headquartered in Ulaanbaatar. It currently serves approximately 16,000 micro-clients at 76 branches in all 21 aymags (provinces) in Mongolia, making it the largest micro-finance institution in the country.

XacBank's mission is to contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about the Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.

Your loan enables XacBank to expand its micro-loan capacity and return a portion of the interest back to the borrower at the end of the loan term.

To learn more, please visit the XacBank website at: www.xacbank.mn.



Loan details

Loan length:

14 months
Disbursed date: July 6, 2009

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 6, 2009